Analysis Report Tata Steel of India Research Paper - 1

Analysis Report Tata stigma of India - Research Paper ExampleThe Indian Government has move a policy of progressively opening Indias local economy to foreign competition, and there is shortly no levy or tax restriction on the import and export of iron and vane products. (India Ministry of Steel, 2009) The consequence of this is considered to be increased competition in the sector, and lower prices, particularly as set by Chinese steel producers for export. China produced over 10 times the steel capacity of India, at 567 meg metric tons in 2009 compared to 56.1 million metric tons produced by India in the same period. (India Ministry of Steel, 2010) Nevertheless, Tata Steel has produced a corporate strategy to meet these competitive challenges, and this includes sustainability policies directed at the greater welfare of workers, the environment, and community. This business relationship will review Tata Steels sustainability policies as implemented by corporate management to des exualise the success of these programs and to recommend changes that are mutually beneficial to the stakeholders of the company. Tata Steel states publicly that the primary purpose of a business is to improve the quality of life of people. (Tata Steel, 2011) This tenet constitutes the cornerstone of the companys sustainability policy and represents the wider sanction held by corporate management on behalf of stakeholders. In India, there is a need for social and scotch development that uplifts people out of poverty. One of the main processes that enable individuals to improve their living condition in the modern, globalized economy is the possession of a professional, well-paying job. Another factor is the level of education that an individual receives in the formative years of development.